SEC Reiterates Commitment to Improve Investors’ Confidence

The Securities and Exchange Commission (SEC) has reiterated its commitment to improve investors’ confidence in the market.

The Acting Director-General, Ms Mary Uduk, who stated this when she was honoured by the West African Students Union Parliament (WASUP) for Exemplary Leadership in Abuja, Nigeria’s capital explained that the Commission would continue with the implementation of policies that would deepen the market and boost the Nigerian economy.

“The Master Plan will continue to be our working document and we shall continue to implement initiatives that will promote investors’ confidence. Such initiatives include the e-Dividend registration, Direct Cash Settlement, Dematerialisation, Complaint Management Framework, Financial Literacy and Investors’ Protection Fund, among others. I therefore enjoin investors, who are yet to register for e-dividend and those that have not yet regularised their multiple accounts to do so, ’’ she explained.

Uduk said there had been acknowledgements from registrars of investors that had started coming but there were faced with some challenges.

“We are working to address those challenges and that is why we encourage all affected investors to come forward and take advantage of the window before the new deadline,’’ she added.

The Representative of the Chairman of the Union, Kobehi Kossa, commended the Director-General on her efforts so far in restoring investors’ confidence in the market thereby leading to economic growth.